ideaForge Share Price News: Stock Jumps 10% After ₹151 Crore TDB Loan for YETI Drone

Here’s the ideaForge share price news that had drone watchers busy on Monday, 12 October 2026: the stock shot up 9.99% to ₹735.15, from a previous close of ₹668.35, as per Mint market data. The trigger was a filing on Friday. ideaForge told the exchanges it had signed a ₹151 crore loan agreement with the Technology Development Board (TDB) to fund its YETI project.

ideaForge share price news: what happened

According to the exchange filing, as reported by CNBC-TV18, the loan agreement is dated 9 October 2026 and is for ₹151 crore, which the TDB will release in tranches. The money goes into YETI, a heavy-lift, long-range autonomous aerial logistics vehicle. Nothing had been disbursed yet when the company filed.

Key figures

• Loan size: ₹151 crore from the Technology Development Board, in tranches
• Monday’s move: +9.99% to ₹735.15, in a day range of ₹681.15–735.15
• Previous close (9 Oct): ₹668.35 on the BSE, down 0.15% that day
• Volume: about 4.33 lakh shares across NSE and BSE, against a 20-day average of about 2.56 lakh
• 52-week range: ₹367.95–997.00
• Market capitalisation: about ₹3,654 crore

The fine print on the loan

• ideaForge is giving the lender a first-ranking charge over the project assets, plant and machinery that are created or bought with this money.
• There are the usual lending covenants, curbs on promoter share transfers above 20%, matching funding obligations and conditions on keeping the intellectual property.
• The company says the lender gets no special say over director appointments or the capital structure, and that this isn’t a related-party deal.
• The TDB had sent a letter of intent on 31 July, and ideaForge accepted the term sheet on 7–8 October.

Low-cost development funding for a new product line is a vote of confidence, but the market will want to see YETI turn into orders before the rally can be justified.

Why the stock stood out

Monday wasn’t a great day for the benchmarks, yet defence and drone names still found buyers. Going by Mint data, ideaForge was up about 42.6% for the year but had slipped about 9% over the five sessions before this jump. So part of the move was a bounce. Mutual funds held 9.14% of the company and FIIs 8.27% as of July 2026.

What it means for investors

Keep in mind this is development money. It doesn’t add revenue straight away, and the stock already trades at a rich valuation compared with what it earns today. The things we’d track are disbursement updates, progress on YETI and the next set of quarterly numbers. If you want to follow filings like this yourself, read how to find stocks in news, and catch the daily moves on our Stock Market Today India hub.

Sources: CNBC-TV18 (company filing), Mint market data. Not investment advice.